Seller's Agent in 2018
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
150 Total Sales
4480 Orange Ave Unit 6 Long Beach, CA 90807
Bixby Knolls Neighborhood
5
Beds
5
Baths
5,249
Sq Ft
8,272
Sq Ft
Highlights
- Private Yard
- Laundry Room
- Landscaped
- Longfellow Elementary School Rated A-
About This Home
As of June 2018Trophy 8-unit apartment building located in the Bixby Knolls neighborhood of Long Beach. This beautifully maintained property has a unit mix consisting of eight (8) 1-bed/1-bath units combining for a total living space of 5,249 SF. Situated on an 8,270 SF lot, this 8-unit complex features a Koi Pond, four (4) garage/carport parking spaces, and recently renovated units. Currently operating at a 4.00% CAP Rate and 14.89 GRM, this is an ideal investment for any investor looking to add a great cash-flowing property to their portfolio.
Last Agent to Sell the Property
Lyon Stahl Investment Real Est License #01399621 Listed on: 03/22/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 8,270 Sq Ft Lot
- No Common Walls
- Landscaped
- Private Yard
- Lawn
- Garden
- Front Yard
Parking
- 4 Car Garage
Interior Spaces
- 5,249 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 39
- Tax Tract Number 13585
- Assessor Parcel Number 7136014016
Community Details
Overview
- 8 Units
- Bixby Knolls Subdivision
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,511
- Fuel Expense $1,511
- Gardener Expense $2,170
- Insurance Expense $2,436
- Maintenance Expense $3,929
- Other Expense $1,772
- Pest Control $1,176
- Professional Management Expense $6,548
- Trash Expense $1,511
- Water Sewer Expense $1,511
- New Taxes Expense $24,976
- Operating Expense $49,050
- Gross Income $130,968
- Net Operating Income $77,989
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/28/2018 06/28/18 | Sold | $1,850,000 | -1.3% | $352 / Sq Ft |
| 04/12/2018 04/12/18 | Pending | -- | -- | -- |
| 04/10/2018 04/10/18 | Price Changed | $1,875,000 | -3.8% | $357 / Sq Ft |
| 03/22/2018 03/22/18 | For Sale | $1,950,000 | -- | $371 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $27,108 | $2,104,979 | $1,024,044 | $1,080,935 |
| 2024 | $27,108 | $2,063,706 | $1,003,965 | $1,059,741 |
| 2023 | $26,645 | $2,023,242 | $984,280 | $1,038,962 |
| 2022 | $25,008 | $1,983,572 | $964,981 | $1,018,591 |
| 2021 | $24,501 | $1,944,679 | $946,060 | $998,619 |
| 2019 | $24,150 | $1,888,350 | $918,000 | $970,350 |
| 2018 | $10,720 | $786,025 | $313,867 | $472,158 |
| 2016 | $9,860 | $754,207 | $301,680 | $452,527 |
| 2015 | $9,482 | $742,879 | $297,149 | $445,730 |
| 2014 | $9,453 | $728,328 | $291,329 | $436,999 |
Source: Public Records
Agents Affiliated with this Home
-
Woody Stahl
-
Brett Lyon
Seller Co-Listing Agent in 2018
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
141 Total Sales
-
Vincent Cook
Buyer's Agent in 2018
Vincent Cook
Kidder Mathews of California, Inc
(310) 982-7055
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18065575
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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